Tucson Multifamily Stats

[Account Closed]

Hey Folks, just wanted to share the statistics for the Tucson multifamily sector.

-Average Price Per Door: $78,943

-Median Price Per Door $53,333

-Average Cap upon sale: 6.7%

-Median Cap upon sale: 6.6%

-Average Rents: 1Bed = $575, 2Bed = $695, 3bed = $900

Just as a caveat to this information please do not use this to analyze if you are looking at a good deal or not. Just like any market variances in product type and location play a major factor that is not accounted for in a city-wide median or average. Tracking these trends over time can however indicate the direction of the market.

[Armando DeGuzman]

Tylor, good info. We'll be in the market for a multi-family in the next 6-12 months. Currently flipping SFR to roll gains into multi-family. Are you a commercial realtor?